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174 COLUMBIA LAW RBVIBW. 

voting trusts are analyzed and demonstrated to proceed on some theory 
not involved in the voting trust idea. 

There has heen, to he sure, some little direct outlawing of voting 
trusts. North Carolina holds that "all agreements * * * by -which 
stockholders surrender their voting powers are invalid" Harvey v. 
Linville Improvement Co. (1896) 118 N. 0. 693; and New Jersey has 
produced quite a body of doctrine to the same general effect e. g., 
Warren v. Pirn (1904:) 66 N. J. Eq. 353. The precise position of 
these cases and their doubtful importance as authority throughout 
the United States are adequately treated by the author. The assertions 
of one or two non-judicial critics of voting trusts are also refuted 

Mr. Gushing has not written this book from the viewpoint of 
lawyers solely. While it contains a review and citations of all the 
American cases on the subject (Great Britain seems to have been 
rational in allowing stockholders to vote or contract at will; see 
Oreenwell v. Porter [1902] 1 Ch. 530; it also includes a history of 
the use and development of voting trusts in this country, and a state- 
ment of the normal or customary contents of such agreements. There 
have been assembled and printed full copies of typical forms of voting 
trust agreements, voting trust certificates, extension agreements, docu- 
ments incidental to extension and notices of termination or expiration. 
In short, the book has been made with thoroughness and fidelity, and 
will afford to student, instructor or practicing lawyer alike the best 
and, indeed, the only exhaustive treatment to be found of this 
important though much misunderstood subject. 

Rooerts Walker. 



Books Received. 

Problems in the Law op Contracts. By Henry Winthrop 
Ballantine, Prof, of Law in the University of Wisconsin. Rochester, 
N. Y.: The Lawyers Co-operative Pub. Co. 1915. pp. xlix, 363. 

Digest op Workmen's Compensation Laws in the United States 
and Territories, with Annotations, 4th ed. Revised to Dec. 1, 1915. 
New York: Workmen's Compensation Publicity Bureau. 1915. 
pp. 73. 

The Monroe Doctrine. An Interpretation. By Albert Bushnell 
Hart, Boston: Little, Brown & Co. 1916. pp. xiv, 445. 

A Selection op Cases under the Interstate Commerce Act. 
Edited by Felix Frankfurter, Prof, of Law in Harvard University. 
Cambridge: Harvard University Press. 1915. pp. xi, 706.